The resource cost of a gold standard
We are currently incurring costs akin to having a gold standard – in that we are using gold for monetary purposes, as an inflation…
Ouch!
Readers of the Cobden Centre may be interested in a new book by Paul Knott. “Ouch!: Ignorance is Bliss, Except when It Hurts –…
Corporate giants rarely outlast their usefulness
In this article for City A.M. I discuss Joseph Schumpeter’s concept of “creative destruction”, and why Karl Marx was wrong to suppose that capitalism…
The single income tax
Last week saw the launch of the 2020 Tax Commission report on UK tax reform. It’s called “The single income tax” and can be…
It’s hard to account for flaws in the rule-book
In my latest City AM column I discuss Gordon Kerr’s recent book, which points to the role of accounting regulations in the obfuscation of…
To QE or not to QE?
I was recently quoted in Management Today with some thoughts on current monetary policy: The Bank of England’s policy rate has been historically low…
Government vs private investment
Those of you based in London hopefully know that I have a regular column in City AM each Tuesday. Last week I discussed government…
The money supply continues to contract
Regular readers will know that The Cobden Centre’s sister roundtable – Kaleidic Economics – is engaged in measuring the MA measure of the money…
Did QE work?
I think this is a complicated question to answer, and both sides of the debate have a tendency to over simplify. If we understand…
Monetary policy is not all about pulling levers
My latest article for City A.M. I’M A big fan of the Bank of England museum. I find the way it attempts to educate…